MEMPHIS, Tenn. (WMC) - The coronavirus pandemic is responsible for a new Tennessee state record, according to the Tennessee Department of Labor and Workforce Development.
New data released Thursday from the department shows a preliminary seasonally-adjusted statewide unemployment rate of 14.7 percent for April 2020 -- an unprecedented spike of 11.4 percentage points from March’s revised rate of 3.3 percent.
Prior to the pandemic, Tennessee’s all-time highest seasonally-adjusted rate was 12.9 percent, which occurred in back-to-back months in December 1982 and January 1983.
The DOL reports Tennessee’s total nonfarm employment decreased by 376,900 jobs from March to April. The largest losses were in leisure/hospitality, manufacturing and professional/business services sectors.
Ove the last 12 months, Tennessee lost 341,000 nonfarm jobs. Similarly to month-to-month data, the largest losses were in the leisure/hospitality, manufacturing and professional/business services sectors.
Since March 15, Tennessee saw an unprecedented surge in unemployment claims. There have been 532,580 new unemployment claims filed in the state of Tennessee between March 15 and May 16, according to the department.
During the week of May 16, the state paid more than 319,000 claimants nearly $358 million in benefits. Here’s how it’s broken down:
- Total Claims Paid: $319,574
- Total Payments: $358,992,180
- TN Payments: $63,875,235
- Federal Payments: $295,116,945
The most recent data entered from the week of May 16 - totaling to 28,692 - shows the lowest number of claims reported since the week of March 21. This is the seventh week in a row showing a decline in new weekly claims.
***New Claims Filed: The number of individuals filing new unemployment claims for the week.
***Continued Claims: The number of claims continued with weekly certifications.
Below is the data broken down into regions for the week ending May 16: